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From decentralized promise to potentially fully centralized?? Is Pulse Chain different than what it seemed at first?
Hex Origin Address sacrifices 79B-100B HEX tokens ($14B+ worth) to the Pulse sacrifice address. This entity now controls over 90% of the token supply, making Pulse Chain completely potentially centralized unless these tokens are burnt/frozen. *Potentially* centralized is as good as centralized. What does Richard Heart say about this?
Timeline of August 3rd (final day of PulseChain sacrifice):
● From 0:04 UTC to 1:22 UTC - GigaWhale sends hundreds of thousands of HEX per transaction (totalling 18,722,784,936 HEX in 144 transactions)
● From 1:35 UTC to 2:25 UTC - GigaWhale sends hundreds of thousands of HEX per transaction (totalling 79,234,488,225 HEX in 60 transactions)
● 4:50 UTC - Pulse Chain sacrifice phase ends
TOTAL HEX SENT IN LAST 4 HOURS OF SACRIFICE PHASE = 97,957,273,161 HEX
Disclaimer: This video is not financial or investment advice. Do not buy, sell or trade cryptocurrency, or make any financial decisions based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.